Can I get a housee loan if I am doing sell online?
Last updated: 3 Aug 2025
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A major concern for those seeking a home loan is the fear of being rejected by the bank. While this is certainly not a problem for full-time employees with a stable salary and consistent monthly income, the opposite is true for non-employees engaged in online business, whose monthly income is unpredictable. Online merchants are constantly worried about not being able to get a loan approved. In reality, even online merchants without a regular salary can easily qualify for a home loan. However, they must prepare and prepare additional documentation, especially more than regular employees. The following are some examples:
Information about your online store must be clear and reliable.
To convince banks that you can afford the repayments, they must demonstrate to the bank that their online store is reliable, stable, and has products available to meet customer needs. Their identity can be verified. Examples of required evidence for home loan applications in this category include the borrower's online store website, Facebook page, and Instagram account, as well as photos of the products. If you are registered as a company, please attach the company registration document to demonstrate that you are a serious online merchant. Sufficient stability to be able to repay the home loan.
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Information on income and expenses from online stores
Having evidence demonstrating the existence of an online store and products available for sale may not be enough to convince banks that a borrower is truly capable of repaying the loan. Having an online store does not guarantee sufficient income or profitable sales. Therefore, online sellers must prepare and submit to the bank for home loan applications. Another important document related to the purchase is all sales documents, such as the monthly cost of goods sold, including the items included, along with receipts and tax invoices to demonstrate that the goods were actually purchased for the store. Another document is receipts for sales or a sales list, detailing what was sold and how much was sold. This information will reflect the store's costs, sales, and profits, allowing the bank to see trends in the average monthly income of the business and whether it is sufficient to repay the mortgage loan installments.
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Tax and Personal Financial Information
Online sellers' personal tax returns are another way to confirm that the borrower has actual income and demonstrates their legal financial responsibility. At the same time, once tax documents are submitted, You should also gather documents relating to your personal account statements and all your savings accounts for the bank's approval. This will demonstrate your financial discipline, liquidity, and debt-free status. This will ensure that you are debt-free or within manageable limits. Furthermore, you can be confident that even though you are an online merchant, you have good financial management skills and can manage your home loan payments.
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Even if you are an online merchant without a regular job, if you can show the bank that you are serious about your business, that your online business generates consistent income, that you are stable, that you manage your business and personal finances with discipline, that you pay taxes annually, and that you are debt-free, then your chances of getting a home loan approved are not difficult. Alternatively, if you want to increase your chances of getting a home loan approved, you can do so by finding a co-borrower who is also a regular employee.
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Source: REIC
Information about your online store must be clear and reliable.
To convince banks that you can afford the repayments, they must demonstrate to the bank that their online store is reliable, stable, and has products available to meet customer needs. Their identity can be verified. Examples of required evidence for home loan applications in this category include the borrower's online store website, Facebook page, and Instagram account, as well as photos of the products. If you are registered as a company, please attach the company registration document to demonstrate that you are a serious online merchant. Sufficient stability to be able to repay the home loan.
___________________________________________
Information on income and expenses from online stores
Having evidence demonstrating the existence of an online store and products available for sale may not be enough to convince banks that a borrower is truly capable of repaying the loan. Having an online store does not guarantee sufficient income or profitable sales. Therefore, online sellers must prepare and submit to the bank for home loan applications. Another important document related to the purchase is all sales documents, such as the monthly cost of goods sold, including the items included, along with receipts and tax invoices to demonstrate that the goods were actually purchased for the store. Another document is receipts for sales or a sales list, detailing what was sold and how much was sold. This information will reflect the store's costs, sales, and profits, allowing the bank to see trends in the average monthly income of the business and whether it is sufficient to repay the mortgage loan installments.
___________________________________________
Tax and Personal Financial Information
Online sellers' personal tax returns are another way to confirm that the borrower has actual income and demonstrates their legal financial responsibility. At the same time, once tax documents are submitted, You should also gather documents relating to your personal account statements and all your savings accounts for the bank's approval. This will demonstrate your financial discipline, liquidity, and debt-free status. This will ensure that you are debt-free or within manageable limits. Furthermore, you can be confident that even though you are an online merchant, you have good financial management skills and can manage your home loan payments.
___________________________________________
Even if you are an online merchant without a regular job, if you can show the bank that you are serious about your business, that your online business generates consistent income, that you are stable, that you manage your business and personal finances with discipline, that you pay taxes annually, and that you are debt-free, then your chances of getting a home loan approved are not difficult. Alternatively, if you want to increase your chances of getting a home loan approved, you can do so by finding a co-borrower who is also a regular employee.
___________________________________________
Source: REIC
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